Blu South, Pineville, NC
Newly constructed, large-scale community of townhomes and single-family detached housing in a Charlotte suburb.
Hines U.S. Property Partners
Build-to-Rent community with top-tier amenities
AT A GLANCE
Blu South, Pineville, NC
Located adjacent to Charlotte’s light rail system and within the I-485 beltway
1.0M SF / 75 Acres, 551 units at completion
Description
Blu South is a Build-to-Rent (BTR) community in Pineville, North Carolina, adjacent to Charlotte’s light rail system and within the I-485 beltway. The location offers exceptional connectivity to downtown Charlotte and other major employment hubs such as the city’s South End. HUSPP was strategically drawn to the asset given that the submarket surrounding Pineville has experienced robust population growth that is nearly triple the national rate, and the asset is well positioned to capitalize on strong rental demand amid the Charlotte metropolitan area’s steep home ownership cost.
The property includes a mix of three- and four-bedroom townhomes, duplexes, and single-family detached homes. Home interiors feature top-of-the-market finishes, while the project offers Class A amenities, including a pool, fitness center, spacious dog park, and event space that is not common in comparable BTR communities.
Whereas typical BTR communities average 50-100 homes, Blu South consists of 551 units upon completion, which should enable the property to benefit from economies of scale in operations and management.
Gallery
Disclosures
Blu South is part of the HUSPP portfolio. The case study presented herein is for illustrative purposes only. It should not be assumed that investments made in the future will be comparable in quality or performance to the investment described herein.
The case studies selected are the largest Living assets by unit in the HUSPP portfolio.
For use by professional/accredited investors only.